Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[HairyMaclairy]

Here is another question.  What is the NPV of the US national debt in a negative interest rate environment?

[El duderino_]

Think $1 million per bitcoin is crazy? That's because it is.

What's even crazier though?

Quanatative easing, negative interest rates, fractional reserve banking, elimination of cash, surveillance, capital controls, and inflation.

Bitcoin isn't the virus, it's the antidote. 💉

https://twitter.com/rhythmtrader/status/1163049711269482497?s=21

[makrospex]

Welcome back Toxic

Thanks buddy...you keeping these hooligans in line?

Np bro. And it's beyond my pay grade

I swear i was reading "gay parade".
This tells me to start up my vaporizer and go to sleep on a nice hit of blue sky  
Good nite WOs, at $10.359

[xhomerx10]

[El duderino_]

Still Sunday somewhere
but I aint got not merit
bragging rights only

WO written in style
To guess where’s comrade XhomerX
Bet Romania ??

[gembitz]

No need to wait.  

https://twitter.com/fluffypony/status/1163185816237150208?s=21

This shit is hilarious

Shitcoiners gonna shitcoin

Thanks. Merited.
There's only one way to prove to be the real SN. We all know, and if it does not happen, every new "Real Satoshi" is nothing more than a joke.

this could mean storm of brand new real Satoshi's, kinda like 2017 shitcoin storm. It could dilute  shit stories made by CSW also.

Dorian lols ===>

[AlcoHoDL]

same place different vantage point.

Was this photo taken in 2018? Not that it matters...

[El duderino_]

same place different vantage point.

Was this photo taken in 2018? Not that it matters...

LoL, August 18th of 2019

[JayJuanGee]

Hopefully all this reveal stuff makes for a huge pump in SV

(disclaimer, I just recently discovered my trove of shit vision on Coinbase)

Meaning a WO hat sporting brother has actually been holding  scammy BCH on the evil exchange Coinbase??!!
Why...this is treason!!! 
<fist shakes in the air>

I am going to add to this doggie pile that jo-squared also seems to enjoy pumping LTC, from time to time.

Hahahahaaha


Some of us have no shame.

[JayJuanGee]

C’mon JJG you could write a book in less than a day

Might have to really focus, and I would imagine that it would take me well over a year.

I might need a good editor, too.  I have had troubles with that in the past, due to my seeming underlying stubbornness, believe it or not.

[Majormax]

You seem a bit confused sir.  

Money can be printed without inflationary consequences.*

That money can be used to finance the creation of new assets, such as a lovely freshly mined gold bar. Or an iPhone if you prefer.

The total global pool of assets has just increased.

Wealth, from nowhere.  





*If you happen to be the global reserve currency.

Surely you don't define wealth as money ?   In the scenario you describe, only money is created.   Money = debt.  It just marks-up the ledger with additional/other debtors and creditors.

( Apologies if you meant /s )

[El duderino_]

Looks like Some kind of festival..... or evening thing

I cannot find the place right now, but I do hope you have an awesome time.... and find Some inspiration for future WO-hats and stuff

[xhomerx10]

Looks like Some kind of festival..... or evening thing

I cannot find the place right now, but I do hope you have an awesome time.... and find Some inspiration for future WO-hats and stuff

 Thanks Mr. MicG.  Having a good time but it is sooooo hot here compared to home.
I'm always looking for inspiration

edit: It was a festival.

[El duderino_]

Looks like Some kind of festival..... or evening thing

I cannot find the place right now, but I do hope you have an awesome time.... and find Some inspiration for future WO-hats and stuff

 Thanks Mr. MicG.  Having a good time but it is sooooo hot here compared to home.
I'm always looking for inspiration

edit: It was a festival.

Bucharest tomorrow and the rest of the week around 32-34 degrees, so yes very hot.... Is that where you are atm??

Damn I probably Will find out in the morning.... time to catch my HODLsleep, need to wake up early :-/

[Majormax]

Does the creation of money increase wealth ? Here is a way of seeing it :

Money is a ledger entry. It defines and creates debtors and creditors.  The newly created debtors have an incentive* to use their assets (labour etc) to produce real things, or wealth, but the money itself, even gold, does not create the wealth.

*The incentive is to work to rebalance the ledger again (get back money for themselves), and the new creditors have some power to direct those efforts.

[Biodom]

The way I see it, if you truly believe that printing money creates wealth, than you did not get the very idea of bitcoin.
Yes, you can be a trader of it, of course, which I guess many here are.

Here is another question.  What is the NPV of the US national debt in a negative interest rate environment?

Tell me, but I heard that NIRP has consequences:

1) compress net interest margins and bank profits;
2) damage consumer and business confidence;
3) provide little incentive for business invest in capital rather than buy back stock;
4) hurt savers;
5) makes active management more difficult by dampening dispersion;
6) increase demand for gold and other hard assets; and,
7) likely widen the wealth gap

https://www.barrons.com/articles/strategas-7-unintended-consequences-of-nirp-1465825134

[Toxic2040]

Here is another question.  What is the NPV of the US national debt in a negative interest rate environment?

NIRP and ZLB oh my..  Doesn't seem like it could end well. Inverted yield curves ...yuk.


I am comfortable with #hodling..thanks.


------

Looks like Some kind of festival..... or evening thing

I cannot find the place right now, but I do hope you have an awesome time.... and find Some inspiration for future WO-hats and stuff

 Thanks Mr. MicG.  Having a good time but it is sooooo hot here compared to home.
I'm always looking for inspiration

edit: It was a festival.

EU still melting...so glad I didnt travel abroad this summer..




^
This seems like a most excellent clue...


Carry on.

[El duderino_]

^
Indeed that Will be a clue.... but F*** I have to catch Some sleep ASAP....

Good night WO-brothers

[JayJuanGee]

The way I see it, if you truly believe that printing money creates wealth, you cannot be a serious bitcoiner.
Yes, you can be a trader of it, of course, but you did not get the very idea of bitcoin.

Bitcoin brings integrity to the system, and creates incentives for traditional fiat systems to become more honest about both their fiat and/or what backs the fiat.  It is likely that they are going to be able to get away with these kinds of smoke and mirrors for decades to come, but bitcoin is surely going to cause pressures upon them in ways that we cannot quite project, currently.

So, what I am saying is that bitcoin is too god-damned immature to really have any kind of meaningful ideological effect on traditional fiat systems, as you want to ascribe, Biodom, but does not mean that the continued existence of BTC is not going to move the world in the direction that you seem to be prematurely ascribing to the totality of our ongoing and likely transition of increasing and increasing bitcoin dominance (even if, sometimes, it might only show up as less than 1% of dominance on measures, such as coinmarket cap and other deceptive means to attempt to make bitcoin look less  important than it is or that it is going to be in the future).

[cAPSLOCK]

If you got rid of Antifa the ProudBoys and other violent alt-right groups would still be here. Not the other way around. Antifa is a response to the alt-right. If you think they are just 2 equal sides to the same coin you have not been paying attention.

"Over the past decade, extremists of every stripe have killed 372 Americans. 74 percent of those killings were committed by right wing extremists. Only 2 percent of those deaths were at the hands of left wing extremists." (and note none of those deaths have been by Antifa)

https://www.snopes.com/news/2017/08/17/are-antifa-and-the-alt-right-equally-violent/

I find apologists for either of these groups to be disgusting.